Funding you earn now, next payment 00:00 UTC−0.0833%/8h= −91.2% APRnext payment −$4.17 per $10,000 · paid last 24h −0.030%
Price spread now: edgeX against Variational Omni+0.273%7-day average −0.069% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.086%−$9 on $10k
+Price spread, last 3 days (all we have)−0.224%−$22 · spread now +0.273%, 7d avg −0.069%
=Together, before fees−0.309%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board−$31 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.342% dearer against Variational Omni than usual: you sell high and buy low (spread +0.273% now, against its 7-day average of −0.069%): +$34 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 3 days (−0.086% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.086% in total (about -9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.17 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni USELESS | 0.2833 | 0.1363 | pay 0.0681% / 4h | 49m 07s | $1.2M | $1.7M | — |
| Short | edgeX USELESSUSDC | 0.2841 | 0.0529 | get 0.0265% / 4h | 49m 07s | $21K | $192K | 10x |
Variational Omni USELESS
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Variational Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$174.99
- Price spread: +0.273% → −0.069%
- $34.15
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$149.84
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; edgeX: live order book, 28 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Variational Omni RFQ quote, 5 min ago | 3.55 bp | doesn't fit | 32.0 bp −$320 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 28 min ago | 1.28 bp | 113.6 bp −$114 | doesn't fit | doesn't fit | doesn't fit |
USELESS on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2840 | +0.237% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2845 | +0.410% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2841 | +0.275% | $9.9M | $66.7M | 10x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2837 | +0.131% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2849 | +0.537% | $19K | $493K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2838 | +0.173% | $570K | $1.2M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0164% | 1h | 0.2849 | +0.551% | $31K | $153K | 3x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2842 | +0.305% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0338% | 4h | 0.2842 | +0.290% | $5.2M | $9.9M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0422% | 4h | 0.2838 | +0.162% | $5.4M | $9.3M | 20x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Polymarket Perps USELESS-USD
Aevo USELESS-PERP
KuCoin USELESSUSDTM
Bitget USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0480% | 4h | 0.2839 | +0.184% | $7.1M | $8.2M | 50x | as long as short |
| edgeX USELESSUSDCshort | +0.0529% | 4h | 0.2841 | +0.273% | $21K | $192K | 10x | |
| MEXC USELESS_USDT | +0.0534% | 4h | 0.2840 | +0.237% | $10.5M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0543% | 4h | 0.2841 | +0.266% | $23.9M | $115.5M | 50x | as long as short |
| Extended USELESS-USD | +0.0544% | 1h | 0.2838 | +0.171% | $300K | $966K | 5x | as long as short |
| ApeX Omni USELESSUSDT | +0.0820% | 1h | 0.2833 | −0.014% | $39K | $701K | 25x | as long as short |
| BingX USELESS-USDT | +0.1162% | 4h | 0.2840 | +0.237% | — | $5.0M | — | as long as short |
| Aster USELESSUSDT | +0.1165% | 4h | 0.2841 | +0.258% | $653K | $2.3M | 10x | as long as short |
| Bybit USELESSUSDT | +0.1233% | 4h | 0.2842 | +0.290% | $28.2M | $45.4M | 13x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1337% | 4h | 0.2840 | +0.247% | $22K | $1.4M | 10x | as long as short |
| Variational Omni USELESSlong | +0.1363% | 4h | 0.2833 | long leg | $1.2M | $1.7M | — | |
| Hyperliquid USELESS | +0.1461% | 1h | 0.2841 | +0.279% | $14.1M | $21.0M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1581% | 4h | 0.2842 | +0.286% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3004 | +6.021% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
ApeX Omni USELESSUSDT
BingX USELESS-USDT
Aster USELESSUSDT
Bybit USELESSUSDT
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP